Kalkine Top Extended Financial Headlines at 7:03 a.m. EST

Published on December 04, 2022 11:03 PM AEDT

Kalkine Top Extended Financial Headlines at 7:03 a.m. EST — Image source: ©2022 Kalkine Media®

Oil prices are down, and demand is lagging

For nearly nine months, the Federal Reserve has relentlessly raised interest rates to try to slow the U.S. job market and bring inflation under control

The nation’s employers kept hiring briskly in November despite high inflation and a slow-growing economy — a sign of resilience in the face of the Federal Reserve’s aggressive interest rate hikes

Worries about inflation weighed on Wall Street, leaving major indexes mixed after another bumpy day of trading

Russian authorities have rejected a price cap on the country’s oil set by Ukraine’s Western supporters and are threatening to stop supplying the nations that endorsed it

The Group of Seven nations and Australia have joined the European Union in agreeing to a $60-per-barrel price cap on Russian oil

The nation’s largest public utility is recommending replacing an aging coal burning power plant with natural gas, ignoring calls for the Tennessee Valley Authority to speed its transition to renewable energy

The U.S., Europe and the Group of 7 democracies have agreed to put a price cap on Russian oil exports to other countries

Members of the United Auto Workers union appear to favor replacing many of their current leaders in an election that stemmed from a federal bribery and embezzlement scandal involving former union officials

Twitter has suspended rapper Ye after he tweeted a picture of a swastika merged with the Star of David

APNews

APNews -
46915 Posts
...

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.